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Article: Minerals Technologies to Build a Satellite PCC Plant in India for Ballarpur Industries Limited.
- Article from:
- India Business Newsweekly
- Article date:
- May 12, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Minerals Technologies Inc. (NYSE: MTX) announced that its wholly owned subsidiary, Specialty Minerals Inc., has entered into an agreement with Ballarpur Industries Limited (BILT) to construct a satellite precipitated calcium carbonate (PCC) facility at BILT's Ballarshah Unit in the state of Maharashtra, India. The facility will produce approximately 65,000 metric tons of PCC per year and supply the paper-filling needs of the Ballarshah pulp and paper mill and BILT's Ashti Unit, located a short distance away. The facility will be owned by a newly formed joint venture company, SMI NewQuest India Private Ltd., and is expected to be in operation during the fourth quarter.
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